Despite triple digit year-over-year revenue growth driven by an influx of paid subscribers, fuboTV (NYSE: FUBO) is piling on the losses. While management explains that these losses are driven by heavy investments in new product specifically related to sports wagering, the company's stock has declined 41% since Jan. 1.
Why is FuboTV (Fubo) stock down today?
Why Is FuboTV (FUBO) Stock Down Today? Fubo is slipping as part of Netflix-induced streaming slump The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflix’s (NASDAQ: NFLX) recent earnings report.
How much did Fubo raise in its IPO?
(FUBO) raised $150 million in an initial public offering (IPO) on Thursday, October 8th 2020. The company issued 15,000,000 shares at a price of $9.00-$11.00 per share.
Where can I buy shares of Fubo?
Shares of FUBO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
Are investors shorting FuboTV?
Are investors shorting fuboTV? fuboTV saw a increase in short interest in February. As of February 28th, there was short interest totaling 33,630,000 shares, an increase of 20.3% from the February 13th total of 27,960,000 shares. Based on an average daily volume of 10,340,000 shares, the short-interest ratio is presently 3.3 days.
Will FUBO stock go back up?
The 8 analysts offering 12-month price forecasts for Fubotv Inc have a median target of 6.00, with a high estimate of 20.00 and a low estimate of 3.00. The median estimate represents a +81.82% increase from the last price of 3.30.
Is FuboTV stock a good investment?
fuboTV's Bullish Fundamentals No doubt it makes for good entertainment. Yet despite the earnings miss, FUBO stock continued to nail down growing its business. Lost or dismissed in a more bearish investing environment, its overall revenues cranked higher by 144% from the year-ago period.
Is FuboTV undervalued?
Fubotv Inc shows a prevailing Real Value of $11.35 per share. The current price of the firm is $3.51. At this time, the firm appears to be undervalued....USD 3.51 0.30 9.35%LowEstimated ValueHigh0.183.5010.15
Is FUBO a buy or sell?
fuboTV has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 2 buy ratings, 5 hold ratings, and 1 sell rating.
Is FuboTV stock a buy Zacks?
fuboTV Inc. - Buy. Zacks' proprietary data indicates that fuboTV Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the FUBO shares relative to the market in the next few months.
Does FUBO make money?
FuboTV is still losing money. In the fourth quarter it posted a net loss of $112 million.
How much cash does FUBO have?
Importantly, we strengthened fuboTV's balance sheet, ending the quarter with over $456 million in cash. This increased financial flexibility is expected to take us through 2023, and we are targeting positive cash flow and Adjusted EBITDA (AEBITDA) in 2025, with a relatively modest cash requirement anticipated in 2024.”
How many subscribers does FuboTV have?
The online TV streaming platform FuboTV reached 1.06 million paid subscribers worldwide in the first quarter of 2022. This marks a decline from the 1.3 million subscribers counted in the fourth quarter of 2021.
What is Nio price target?
Stock Price Forecast The 30 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.36, with a high estimate of 82.31 and a low estimate of 21.92. The median estimate represents a +90.81% increase from the last price of 15.91.
Is plug a buy Zacks?
Zacks' proprietary data indicates that Plug Power, Inc. is currently rated as a Zacks Rank 4 and we are expecting a below average return from the PLUG shares relative to the market in the next few months.
Is FOBI a good stock to buy?
holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Where is Fubo TV located?
fuboTV's mailing address is 1330 AVENUE OF THE AMERICAS NEW YORK, NEW YORK NY, 10019. The company can be reached via phone at (212) 672-0055 or via email at [email protected].
What is FuboTV?
fuboTV, Inc. operates as a digital entertainment company. It focuses on offering consumers a live television (TV) streaming platform for sports, news and entertainment through fuboTV. The company was founded by David Gandler, Alberto Horihuela Suarez and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.
Does FuboTV pay dividends?
fuboTV does not currently pay a dividend.
Summary
fuboTV raised guidance for FQ4, and for FY21. The company has executed well in 2021.
Investment Thesis
fuboTV Inc. (NYSE: FUBO) stock has been battered severely in recent months. It reached its all-time high (ATH) in February last year, but its momentum spike was quickly digested. While it has been trading within a tight range throughout most of 2021, its momentum started to turn extremely bearish from November.
Parsing the Hit to its Valuations
Readers can quickly glean how the compressions in the streaming space have affected both the subscriptions VOD (SVOD) leaders and the ad-supported (AVOD) leaders. That also includes Disney (NYSE: DIS), since its multiples re-rating in 2021 was also due to the momentum from its Disney+ SVOD service.
But, fuboTV Has Been Executing Well
There shouldn't be any doubt that fuboTV is still unprofitable. It's still a young upstart in the vMVPD space, including behemoths such as Disney Hulu + Live TV and YouTube TV (NASDAQ: GOOGL) (NASDAQ: GOOG).
fuboTV is Focused on Long-Term Profitability
Notably, what we really like about management is its commitment to long-term profitability. It has consistently mentioned improving operating leverage and has also demonstrated in its results in 2021. Moreover, CEO David Gandler emphasized that it's ready to do an Analyst/Investor day sometime this year.
So, is FUBO Stock a Buy Now?
We explained back in our December article that fuboTV stock valuation is getting cheaper but was in line with its legacy media peers. However, it has gotten even much cheaper, as the selling went into overdrive.
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